JSW Cement reported a 28% year-on-year increase in volume for the first quarter of fiscal year 2027, driven by strong demand in infrastructure and housing sectors.
The company’s sales volume reached 4.2 million tonnes, up from 3.3 million tonnes in the same period last year. However, earnings before interest, taxes, depreciation and amortisation (EBITDA) margins declined to 14.2% from 18.5% a year earlier, reflecting higher raw material and energy costs.
Operating revenue rose 22% to ₹2,850 crore ($335 million) compared with ₹2,340 crore in Q1 FY26. Despite the volume growth, net profit fell 15% to ₹210 crore due to margin compression and increased finance costs.
Management attributed the margin squeeze to elevated coal and power prices, as well as logistical challenges, which offset pricing power in a competitive market. Capital expenditure remained elevated at ₹450 crore for the quarter, primarily directed toward capacity expansion and efficiency improvements.
Analysts noted that while volume growth signals market share gains, sustained margin recovery will depend on cost control and pricing discipline amid volatile input costs.
JSW Cement, part of the JSW Group, continues to expand capacity to 35 million tonnes by fiscal 2028, targeting a 20% market share in India’s cement industry.
